Bain & Company, 2023
CIOs face challenges in cutting technology costs amid macroeconomic headwinds, increased technology investments, and inflationary pressures. There is need for visibility into spending, a savings roadmap, in-year savings, execution discipline, and ongoing cost management to achieve lasting cost reductions. CIOs should focus on quick wins, align cost-cutting initiatives with business strategy, and implement a disciplined approach to execution for successful technology cost transformations.
